Tech Talent Source

Bet9JA Promotion Code YOHAIG

Overview

  • Founded Date September 23, 1905
  • Sectors Automotive Jobs
  • Posted Jobs 0
  • Viewed 13
Bottom Promo

Company Description

Sport Betting Industry Looks To Protect Itself

Sport sports betting market wants to safeguard itself

16 September 2010

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

By Bill Wilson

Business press reporter, BBC News

sports betting on sport is huge service.

Sport England approximates the value of spending on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.

And that figure is likely to have grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.

Meanwhile, German research firm Sport & Markt approximates the overall international sports betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports betting.

But when the integrity of events are struck the gambling industry suffers, and profits are put under hazard if customers can not wager with confidence.

And there can have been couple of higher-profile sport sports betting stories than those affecting cricket and snooker this year.

High-profile

As Sport & Moore observes: “Everyone discuss the sports betting gambling market now.

“Not just is it a significant market in world business, it is one that is now on the front pages of papers.”

Four Pakistan cricketers have been questioned by authorities over spot-fixing claims relating to a test versus England at Lord’s last month.

Three of these players have actually said they will likewise challenge the corruption charges installed against the trio by the sport governing body the International Cricket Council.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Meanwhile, three-times snooker world champ John Higgins was cleared of match-fixing allegations, however was banned recently for six months for stopping working to report the unlawful method to him to throw frames.

There are also two other continuing examinations – not associated to Mr Higgins – into snooker.

‘Honest’

David O’Reilly is legal counsel for Betfair, one of the UK’s biggest online sporting exchanges.

“If the sport is viewed as sincere, straight and reasonable that is great for wagering firms because individuals will spend money sports betting with self-confidence,” he states.

“If you take the Pakistan accusations, although unassociated to the UK controlled sports betting industry … it is not actually a favorable story for sports betting in the UK.

“That is due to the fact that the perception is that ‘cricket is now something we may need to be cautious about’.”

‘Education’

So what can be done to avoid future scandals?

According to specialists at a World sports betting Law Report conference into sports betting gambling, the focus has to be on sportsmen and sportswomen.

As Simon Taylor of the Professional Players’ Federation mentions: “The only people who can repair a match are the rivals or the referee.”

His organisation represents males and females in 15 sports betting in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers’ Association.

He believes that it is insufficient to merely have deterrents, sanctions and disciplinary procedures, but that the method to take on possible issues around gamers is also through education.

Mr Taylor states rules need to be described plainly to gamers with clear examples, and by people they respect.

“Through informing players about sports betting wagering you strengthen integrity and that is in everyone’s interest,” he includes.

“If gamers are harder to corrupt then sport will be harder to corrupt.”

‘Brand damage’

Matt Johnson, head of regulative legal advice at the Football Association, concurs.

“Prevention is better than cure, and we also make a point of informing players ‘you are going to be caught’.”

“It is imperative that sport is straight, and is seen to be directly,” he adds.

“If it loses that then people don’t wish to bet, that is not in gambling companies’ interests, and it is not in our interests.”

He stated that when a good track record was lost, the damage to a sport was “enormous”.

FA rules indicate players are not permitted to bank on a competitors in which they are involved.

Mr Johnson says gamers need to be seen not to be cashing in on any inside understanding, which he states might cause “brand damage” to football and its competitions.

So, even a 2nd Division player knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.

“We have to overcome to players the reputational threat to the game,” he says. “Once self-confidence has been harmed it is difficult to get it back – mud sticks.”

‘Overwhelmingly legal’

If this represents the “carrot” technique, then perhaps Nick Tofiluk, director of policy at the Gambling Commission, represents the “stick”.

The Gambling Commission was established under the Gambling Act 2005 to manage industrial sports betting in Great Britain.

An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all wagering in the UK apart from spread sports betting, which is the remit of the FSA.

“The frustrating bulk of sports betting occurring through UK operators is legal and reasonable,” he says.

“But for some there is the temptation to … corruptly interfere with the result of a sporting event.

“Such unfaithful has the prospective to weaken the integrity of a sport, and it likewise hurts the commercial interests of sports betting bodies and sports betting wagering.”

The commission has established an in-house Sports Betting Intelligence Unit to get and share info to sporting authorities, wagering companies and policing authorities.

“Since 2007 we have experienced a considerable insight into world of corrupt sports betting wagering,” he says.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

“We will alert sports betting of our concerns, to assist prevent or curtail [unlawful] activity”

In May 2010, the commission likewise introduced a personal telephone hotline for those with info or suspicions.

‘Vulnerabilities’

But in a two-and-a-half year duration there has been simply one prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.

However, Mr Tofiluk states there are still eight ongoing investigations, which much beneficial info has likewise been passed to sports betting authorities.

He said that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would consider ceasing a criminal examination “in favour of letting sports betting governing bodies take the lead”.

Meanwhile, he says a lot of those aiming to cheat the sports betting wagering industry were well-informed about sports betting and sporting individuals, and about sports betting operations and the motion of cash.

“They seek out the vulnerabilities of these to assist in their business.”

Related internet links

World sports betting Law Report

ICC

Professional Players Federation

Professional Footballers’ Association

The FA

Betfair

Sport & Markt

BLP

Gambling Commission

The BBC is not accountable for the content of external sites.

Bottom Promo
Bottom Promo
Top Promo